Silver has completed minor wave B, bouncing off the 0.786 Fibonacci level on Monday, August 22. We should now be in minor wave C.
There are a few possible highly clustered targets for wave C.
While wave C can go above the 22.755 level without breaking any Elliott rules, it will most likely terminate in the 21.560-22.755 range.
There are a few possible highly clustered targets for wave C.
- 21.560: the minimum target. This is where wave C would equal wave A.
- 21.635: the 0.382 Fibonacci level.
- 22.565: the minor wave 4 extreme.
- 22.755: the 0.5 Fibonacci level.
While wave C can go above the 22.755 level without breaking any Elliott rules, it will most likely terminate in the 21.560-22.755 range.